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Gold and silver prices dip amid rising oil, strong US data, and Fed rate hike bets

Market News
24 Sep 2026
Kitco
View Source
Bearish
Gold and silver prices dip amid rising oil, strong US data, and Fed rate hike bets

Gold and silver prices fell modestly as rising oil prices, strong US economic data, and expectations of further Fed rate hikes outweighed safe-haven demand from US-Iran tensions. Spot gold dropped 0.48% to around $4,265 an ounce, while silver fell 1.34% to about $63.47 an ounce. Strong US private-sector growth and lower jobless claims supported hawkish Fed sentiment, pushing Treasury yields and the dollar higher. Oil prices rose due to Middle East risks, adding inflation pressure that weighed on precious metals. Upcoming US economic reports could influence whether metals continue to face selling pressure or stabilize.

Gold price data provides context for market conditions. For readers following US stocks, here is Pluang's market snapshot as of Sep 24, 2026 19:14 WIB: out of 150 US stocks, 48 rose and 98 fell. Notable movers include NOK at USD 10.24 with a 1-day change of -3.67% and Pluang order activity at 81% Sell, SHOP at USD 137.50 down 3.40% with 78% Sell orders, and FCEL at USD 16.60 down 3.38% with 62% Buy orders.

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